TY  - JOUR
T1  - THE ANALYTICAL METHODOLOGY OF CLASSICAL  ECONOMICS AS A “WELFARE” THEORY
TT  - THE ANALYTICAL METHODOLOGY OF CLASSICAL  ECONOMICS AS A “WELFARE” THEORY
AU  - Özel, Hüseyin
PY  - 2002
DA  - November
JF  - Akdeniz İİBF Dergisi
PB  - Akdeniz Üniversitesi
WT  - DergiPark
SN  - 1302-9975
SP  - 146
EP  - 172
VL  - 2
IS  - 4
LA  - tr
KW  - Classical School
KW  - prices of production
KW  - uniform profit rate
KW  - capital accumulation
KW  - distribution
KW  - production technology
N2  - This paper deals with the analytical framework of Classical School of Thought in economics and shows that it rests on the notion of “economic surplus”, which is essential in the capital accumulation process. However, such a notion creates two analytical problems and two types of analyses corresponding to these problems: first, the problem of the measurement of the surplus, requires a theory of values-prices which requires a static analysis in which the distributive shares and the technology level are taken as given. But the growth of the surplus, which is essential to capital accumulation process, necessitates a dynamic analysis in which the distribution and technology are allowed to change. It is argued in the paper that this is the main reason for the analytical separability between the price-distribution theory and the output-growth theories in the Classical School
UR  - https://dergipark.org.tr/tr/pub/auiibfd/issue//744054
L1  - https://dergipark.org.tr/tr/download/article-file/1123279
ER  -